TDAX vs. QDTE
Compare and contrast key facts about TDAQ Lift ETF (TDAX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
TDAX and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDAX is an actively managed fund by TappAlpha. It was launched on Jan 7, 2026. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Performance
TDAX vs. QDTE - Performance Comparison
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TDAX vs. QDTE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDAX TDAQ Lift ETF | -8.66% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | -5.33% |
Returns By Period
TDAX
- 1D
- 2.51%
- 1M
- -5.10%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDTE
- 1D
- 1.50%
- 1M
- -4.27%
- YTD
- -3.92%
- 6M
- 0.35%
- 1Y
- 21.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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TDAX vs. QDTE - Expense Ratio Comparison
TDAX has a 0.98% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Return for Risk
TDAX vs. QDTE — Risk / Return Rank
TDAX
QDTE
TDAX vs. QDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TDAX | QDTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.34 | 0.80 | -2.13 |
Correlation
The correlation between TDAX and QDTE is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TDAX vs. QDTE - Dividend Comparison
TDAX's dividend yield for the trailing twelve months is around 5.53%, less than QDTE's 51.17% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
TDAX TDAQ Lift ETF | 5.53% | 0.00% | 0.00% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 51.17% | 49.49% | 32.09% |
Drawdowns
TDAX vs. QDTE - Drawdown Comparison
The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for TDAX and QDTE.
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Drawdown Indicators
| TDAX | QDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -22.86% | +8.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.08% | — |
Current DrawdownCurrent decline from peak | -9.43% | -6.92% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -3.30% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.68% | — |
Volatility
TDAX vs. QDTE - Volatility Comparison
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Volatility by Period
| TDAX | QDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 19.37% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 18.71% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 18.71% | +5.87% |